Hillsboro, Vernon County, Wisconsin Property Taxes
Median Hillsboro, WI effective property tax rate: 1.45%, significantly higher than the national median of 1.02%, but lower than the Wisconsin state median of 1.58%.
Median Hillsboro, WI home value: $122,450
Median annual Hillsboro, WI tax bill: $1,776, $624 lower than the national median property tax bill of $2,400.
How are property taxes in Vernon calculated?
Property taxes in Hillsboro, WI are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Hillsboro’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hillsboro, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hillsboro, Vernon County, Wisconsin Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.45%
Estimate Property Tax Bill
$1,776
$1,648
Property Tax Rates Across Hillsboro, Vernon County, Wisconsin
Local government entities in Wisconsin determine property tax rates, which can vary significantly within the state. This variation occurs because each county, including 55123, estimates its annual budget needs to provide necessary services and divides this by the total assessed value of all taxable properties in its jurisdiction. This calculation yields the property tax rate. While the process involves votes and legislation, this is the core mechanism behind setting tax rates and budgets each year.
In Hillsboro, located in 55123, the effective property tax rate is comparable to other cities in Wisconsin and can be contrasted with both the state and national median property tax rates. Wisconsin's median property tax rate is higher than the national median of 1.02%, reflecting the state's approach to funding local services. By understanding these rates, property owners in Hillsboro can better navigate the property tax landscape and explore opportunities for appeals or exemptions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Hillsboro Tax Rate
1.45%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Vernon County Tax Rate
1.47%
Median Effective Wisconsin Tax Rate
1.58%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hillsboro, Vernon County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54634 | 1.15% | 1.27% | 1.45% | 1.67% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Hillsboro, Vernon County, Wisconsin
When examining property taxes in Hillsboro, WI, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Vernon County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Vernon County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Hillsboro. For example, the median home price in Hillsboro is $122,450, with tax bills ranging significantly across the county. 54634 has the highest median home price at $122,450.
Property Tax Assessment Values Across Hillsboro, Vernon County, Wisconsin
Source: Ownwell
$104,150
$161,375
$218,600
Median Hillsboro Market Value
$122,450
Median Vernon County Market Value
$157,400
Median Wisconsin Market Value
$200,300
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hillsboro, Vernon County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54634 | $50,790 | $80,400 | $122,450 | $179,025 | $262,740 |
Source: Ownwell
Property Tax Bills Across Hillsboro, Vernon County, Wisconsin
Median Hillsboro Tax Bill
$1,776
Median Vernon County Tax Bill
$2,337
Median Wisconsin Tax Bill
$3,346
Median United States Tax Bill
$2,400
Property Tax Bills Across Hillsboro, Vernon County, Wisconsin
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 54634 | $697 | $1,174 | $1,776 | $2,607 | $3,871 |
Source: Ownwell